Go Back
Report Abuse

Bank of Guam

photo-16.png
photo-16.png

Description

Bank of Guam offers a range of SBA lending options tailored to support small businesses in the region. With a focus on providing accessible financing solutions, this institution helps entrepreneurs secure funding for various needs, including working capital, equipment, and expansion projects. Their expertise in SBA programs ensures a smooth application process, guiding clients through each step to maximize approval chances. Whether you’re starting a new venture or growing an existing business, Bank of Guam is committed to supporting your financial goals with personalized service and competitive terms. The bank’s experience with SBA 7(a) loans allows it to assist businesses in obtaining up to $621,000 for eligible projects, fostering economic development across Guam and nearby areas. Their team understands local market dynamics and offers tailored advice to meet your specific business needs, making them a reliable partner for small business success in the region.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
2.9
Google Review Count
80
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services tailored for small businesses in Guam. You can find assistance with funding, business growth strategies, and personalized banking solutions to support your entrepreneurial goals.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may be available during regular banking hours depending on availability.
Question 3
What are the hours of operation?
Answer 3
The branch operates from Monday to Friday, 9:00 AM to 4:00 PM, with additional hours by appointment or special arrangements as needed.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for basic inquiries; however, loan processing and application fees may apply depending on the specific financial services utilized.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and businesses within Guam, with eligibility based on local residency or business registration in the region.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and collateral availability.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of documentation and loan complexity.
Scroll to Top